Hotline: 1800 102 2007
X
Search Business Opportunities
2011-06-07

Engineering goods top India's export list

The government's incentives to exports to non-traditional markets have helped Indian companies

The country's shipments of engineering goods have increased almost eight fold in the last decade to become the biggest item of exports, ahead of primary products that used to dominate earlier.

Engineering goods include metal products, industrial machinery and equipment, auto and its components, and transport equipment.

"The rest of the world has begun to see India as a good destination for engineering goods where we have scale of operations as well as niche and proprietary products," said Yatin Shah, managing director, Precision Camshafts.

The government's incentives to exports to non-traditional markets have helped Indian companies. The share of Europe and the US is down nearly 15 percentage points over the decade. The share of Russian Federation, Middle East and Africa is up to 13.5% from 5% a decade back.

"The engineering goods have moved from the low to the medium end in terms of skill, knowledge and R&D applied," says KT Chacko, Director of IIFT.

"Emerging markets in general are more cost competitive," said Shankar Raman , CFO of engineering major L&T. "There seems to be a shift from the high cost-low productivity west to low cost-high productivity east," he said.

Precision Camshafts is increasing its capacity and will soon become the largest camshaft manufacturer in the world.

A two-and-a-half times increase in exports over a period of 7-8 years is clearly achievable", BN Kalyani, Chairman and Managing Director, Bharat Forge added.

Related opportunities
  • Preschools
    About Us: NO REVENUE SHARING MODEL, LOW INVETSMENT AND RISK, HIGH..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • About: Arise ‘n’ Shine was established in 2003 in Great Lakes Michigan (North..
    Locations looking for expansion Tamil nadu
    Establishment year 2003
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Juices / Smoothies / Dairy parlors
    About Us: Ranging from Super Tasted Bubble Tea’s to Shakes, Sandwiches,..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Bakery & Confectionary
    About Us: Millie's Cookies is an international chain of small format retail..
    Locations looking for expansion Delhi
    Establishment year 1985
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts